India companies to offer 9.5% salary hike this year

Wednesday, February 22, 2017, 6:48 PM

Employees in India are expected to get an average salary hike of 9.5% this year, an eight-year low, as the companies are facing economic uncertainties, both in the domestic and global market place. Almost all sectors, including consumer internet and life sciences firms, have reported a drop in projected pay hike in 2017, compared to the year-ago period.